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BGC Partners, Inc. (BGCP) said Tuesday that excluding the results of GFI Group Inc. (GFIG), it now expects its first revenues for distributable earnings to be towards the low end of the range of its previously stated guidance of $490 million to $520 million.
Analysts currently expect the company to...

UTi Worldwide Inc. (UTIW) reported a net loss for the fourth quarter of $103.9 million or $1.02 per share, compared to a net loss of $56.0 million or $0.53 per share for the year-ago quarter.
Total revenues for the fourth quarter fell 10% to $964.6 million from $1.07 billion a year earlier, while...

Business process services provider Synnex Corp. (SNX) reported net income for the first quarter of 46.3 million or $1.16 per share, compared to $38.4 million or $1.00 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $58.2 million or $1.46 per share,...

Hotel operator Marriott International, Inc. (MAR) said Tuesday that it has completed the sale of the Courtyard by Marriott Paris Arcueil.
The 170 room hotel, located just outside Paris, France, opened in 2011 as part of a large mixed use economic redevelopment program in the Porte d'Arcueil business...

Deere & Co. (DE) said Tuesday that it has completed the sale of its crop insurance business to Farmers Mutual Hail Insurance Co. of Iowa (FMH).
In December, Deere announced a definitive agreement with Farmers Mutual Hail Insurance to sell the business.
The sale includes both John Deere Insurance...

TransUnion, global risk and information solutions provider, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering of common shares.
The company did not specify the number of shares to be sold and the...

Mylan (MYL) announced the U.S. launch of Amlodipine and Valsartan Tablets, 5 mg/160 mg, 5 mg/320 mg, 10 mg/160 mg, 10 mg/320 mg, which is the generic version of Novartis' Exforge Tablets.
Mylan received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application...

International Paper (IP) announced it has reached a definitive agreement with MeadWestvaco Corp. (MWV) to sell the Carolina coated bristols brand. The company's decision to sell the Carolina brand was a result of its plans to convert the Riegelwood N.C., Mill to 100 percent fluff and softwood pulp production,...

Berry Genomics Co., Ltd. announced that Hangzhou Berry Genomics, a subsidiary of Berry Genomics Co., Ltd., has received premarket clearance from the Chinese Food and Drug Administration or CFDA for the NextSeq CN500, a high throughput sequencing instrument developed with Illumina (ILMN) to meet Chinese...

UK-based drugmaker AstraZeneca Plc. (AZN, AZN.L) Tuesday said MOVANTIK (naloxegol) has been launched in the U.S.
On September 16, 2014, the US Food and Drug Administration approved MOVANTIK as the first once-daily oral peripherally-acting mu-opioid receptor antagonist or PAMORA medication for the...

United States Steel Corp. (X) announced the company will adjust operations and temporarily idle a portion of its Minnesota Ore Operations - Minntac plant in Mt. Iron, Minn., effective June 1. The company's action is due to the current inventory levels and ongoing adjustment of its steelmaking operations...

Teva Pharmaceutical Industries Ltd. (TEVA) reported the launch of the generic equivalent to Exforge (amlodipine and valsartan) tablets in four different strengths, in the U.S.
Exforge (amlodipine and valsartan) tablets are used in the treatment of high blood pressure (hypertension), a chronic condition...

Outrage in the business world may be helping re-shape a new Indiana law that many are calling "anti-gay."
Embarrassed and worried about the backlash from the national business community, the state's paper of record is loudly calling on legislators to re-word the law.
The front page of the Indianapolis...

Charter Communications, Inc. (CHTR) and its subsidiary, CCH I, LLC, (together, the New Charter), and Advance/Newhouse Partnership (the parent company of Bright House Networks, LLC) announced a definitive agreement, whereby Charter will acquire Bright House Networks for $10.4 billion.
The business...

Raytheon Company (RTN) said it has received a $528 million fixed-price incentive, firm target contract modification for Advanced Medium Range Air-to-Air Missiles or AMRAAM. Raytheon will provide AMRAAM Lot 29 missiles and other AMRAAM system items. This contract involves foreign military sales.
The...